Laura Jewett

Laura Jewett

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Closed

$380,000

($277,735 down)
FHA

1625 S Michigan Way, Denver, CO 80219

4
2
1,469 sqft
PITI Monthly
$986.46 /mo

Listing courtesy of: Robert Baker, 1 Source Realty Inc

Assumed Rate

4.05%
7.15%

Principal & Interest

$597 /mo
$840 /mo

What's Special

CHARMING
COZY

Home back on the market, no fault of the home. The buyers financing fell through. Uncover the potential of this charming home, invitingly priced at $380,000. Ready for immediate move-in, this residence offers a versatile layout featuring three cozy bedrooms, a full bathroom, and a bonus room presently used as a fourth bedroom. Originally a garage, this space holds endless possibilities for reconfiguration to suit your needs—whether you envision restoring it or customizing it for another use. As you step inside, you'll be greeted by an ambiance filled with opportunity, awaiting your personal touches to truly make it shine. The expansive backyard is complemented by a handy storage shed, ideal for your extra gear or creative projects. With not one, but two driveways, parking and storage space is plentiful, perfect for those who treasure their vehicles and outdoor toys. Nestled in a sought-after neighborhood, this home not only promises a great lifestyle but also represents an unbeatable value in today's market. Don't let this unique opportunity slip by. Schedule your showing today and start imagining your life in this home that’s just waiting for you to add its next chapter.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
4.05
Remaining Loan Term
20 years, 6 months
Monthly PITI
$986.46/mo
Estimated Loan Balance
$124,368
Cash to close
$277,735
Interest Paid
$43,446

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 4
  • Bathrooms: 2
Cooling & Heating
  • Cooling: Central Air, None
  • Heating: Forced Air
Features
  • Materials: Frame
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Carpet, Vinyl, Wood

Exterior

Fencing
  • Fencing: Full
Roof
  • Roof: Composition
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Public Sewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Frame
  • Roof: Composition
Condition
  • Year Built: 1953
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Hurley Hts
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Denver

Financial Details

  • Price per Sqft: $258.68
  • Tax Annual Amount: $1814
  • On Market Date: 2024-05-02T00:00:00.000Z
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $277,735 (73%)
You can enter any amount below - secondary financing will cover the difference if needed.
73%
$

You cover the entire equity of $277,735!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage4.05% Sellers Rate
$102,265
Your Cash:$277,735
Total Purchase Price:$380,000

Assumed vs Traditional Mortgage

Assumed @ 4.05%
$597/mo
Traditional @ 7.5%
$871/mo
You save $274/month ($3,287/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC4829273

Listing From: recolorado

Last updated: 2024-10-01T18:03:31.000Z

© , recolorado. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

4.05%
7.15%

Principal & Interest

$597 /mo
$840 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $277,735 (73%)
You can enter any amount below - secondary financing will cover the difference if needed.
73%
$

You cover the entire equity of $277,735!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage4.05% Sellers Rate
$102,265
Your Cash:$277,735
Total Purchase Price:$380,000

Assumed vs Traditional Mortgage

Assumed @ 4.05%
$597/mo
Traditional @ 7.5%
$871/mo
You save $274/month ($3,287/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Laura Jewett(480) 628-2563laura@azinspiredliving.comMLS SA525254000

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© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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